The Atlanta-headquartered asset manager is to pay between $1.1bn and $1.3bn for Guggenheim, according to two people familiar with the transaction. However, final terms are still being negotiated.
If the rumoured deal goes ahead it will be the second ETF business purchased by Invesco this year.
Several months earlier, it agreed to buy London ETF firm, Source, for a rumoured $500m, adding about $20bn in assets under management.
The potential takeover target Guggenheim has about 20 ETFs under its BulletShares range and close to $30bn in AUM.
Currently, Invesco is the fourth largest ETF manager in the world with over $125bn in AUM.
Both firms declined to comment on the transaction.
